NCI, Inc. (NASDAQ:NCIT) Receives Consensus Recommendation of “Hold” from Analysts
Shares of NCI, Inc. (NASDAQ:NCIT) have been given an average recommendation of “Hold” by the six ratings firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $18.33.
Several equities analysts recently weighed in on NCIT shares. Noble Financial reaffirmed a “buy” rating on shares of NCI in a research report on Friday, May 12th. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of NCI in a research report on Monday, June 26th. Zacks Investment Research raised shares of NCI from a “sell” rating to a “hold” rating in a research report on Saturday, May 13th. Cowen and Company reaffirmed a “buy” rating and issued a $24.00 price target on shares of NCI in a research report on Monday, July 3rd. Finally, FBR & Co reaffirmed a “hold” rating and issued a $11.00 price target on shares of NCI in a research report on Tuesday, April 4th.
A number of large investors have recently bought and sold shares of the stock. Algert Global LLC raised its stake in NCI by 10.8% in the first quarter. Algert Global LLC now owns 12,155 shares of the information technology services provider’s stock valued at $183,000 after buying an additional 1,180 shares during the period. Teachers Advisors LLC raised its stake in NCI by 44.1% in the fourth quarter. Teachers Advisors LLC now owns 13,212 shares of the information technology services provider’s stock valued at $184,000 after buying an additional 4,044 shares during the period. Hancock Holding Co. purchased a new stake in NCI during the first quarter valued at approximately $189,000. Russell Investments Group Ltd. purchased a new stake in NCI during the fourth quarter valued at approximately $216,000. Finally, ClariVest Asset Management LLC raised its stake in NCI by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 14,464 shares of the information technology services provider’s stock valued at $217,000 after buying an additional 727 shares during the period. Hedge funds and other institutional investors own 39.04% of the company’s stock.
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Shares of NCI (NCIT) opened at 19.95 on Friday. The firm has a market cap of $270.34 million, a P/E ratio of 44.63 and a beta of 1.05. NCI has a 52-week low of $10.98 and a 52-week high of $21.40. The company has a 50 day moving average price of $20.18 and a 200-day moving average price of $16.03.
NCI (NASDAQ:NCIT) last announced its quarterly earnings results on Tuesday, May 9th. The information technology services provider reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. NCI had a net margin of 2.13% and a return on equity of 11.73%. The business had revenue of $78.75 million for the quarter, compared to analysts’ expectations of $76.55 million. On average, analysts expect that NCI will post $1.00 earnings per share for the current fiscal year.
NCI, Inc is a provider of enterprise services and solutions to defense, intelligence, healthcare and civilian government agencies. The Company provides information technology (IT), and professional services and solutions by leveraging its core service offerings, which include cloud computing and IT infrastructure optimization; cybersecurity and information assurance; engineering and logistics support; enterprise information management and advanced analytics; health IT and medical support; IT service management; modeling, simulation, and training, and agile development and integration.
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